Cheap Apartments for Rent in the Fountain Square Neighborhood of Indianapolis, IN from $600 (49 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Fountain Square area of Indianapolis.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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property at 823 Iowa St

$1,100

2 Bedroom Rentals

Available Now

823 Iowa St

IndianapolisIN46203

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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property at 336 Prospect St

$795 - $895

1 Bedroom Rentals

Available Now

336 Prospect St

IndianapolisIN46225
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550 Fletcher Ave
1 to 3 Bedroom Apartments

550 Fletcher Ave

550 Fletcher AveIndianapolis, IN 46203
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1354 Shelby St
1 Bedroom Apartments

1354 Shelby St

1354 Shelby StIndianapolis, IN 46203

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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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property at 821 Iowa St

$1,100

2 Bedroom Rentals

Available Now

821 Iowa St

IndianapolisIN46203
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City's End
Studio to 2 Bedroom Apartments

City's End

1441 Prospect StIndianapolis, IN 46203
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Pinnex
Studio to 3 Bedroom Apartments

Pinnex

931 Fletcher AveIndianapolis, IN 46203

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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The Vue
Studio to 2 Bedroom Apartments

The Vue

718 E Georgia StIndianapolis, IN 46202
Showing Results 1-49, Page 1 of 1

Fountain Square, Indianapolis, IN Local Guide

Cheapest Available Fountain Square Apartments for Rent

 

The cheapest available apartment rental in the Fountain Square area of Indianapolis, IN is a 1 Bed unit found at Volrath priced from $649. Mozzo apartments has the second lowest priced unit, which is a Studio apartment currently listed from $999. Here are the most affordable Fountain Square apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Volrath**Free Month of Rent ** 128 E Palmer St - Studio1BR,1BA$649
Mozzo apartments7180A2 - Muzio Studio - 596 sqftStudio,1BA$999
522 Fletcher Ave1BR/1.5BA1BR,1BA$1,025
Emhardt Apartments2BR/1.0BA2BR,1BA$1,095
Lofts on MadisonStudioStudio,1BA$1,099
Madison LoftsThe Loft 1x1-L1BR,1BA$1,099
PinnexS1Studio,1BA$1,149
City's EndBarcelona 0.1Studio,1BA$1,149
Wheeler LoftsB1BR,1BA$1,153
The VueSTUDIO APARTMENTStudio,1BA$1,180

Best Value Apartments for Rent in Fountain Square, IN

As of December 20, 2025 the best value apartment in the Fountain Square area is the $1.35 price per square foot 2 Bed 1.5 Bath Model at Fountain Square Townhomes in the in the Concord neighborhood starting from $1,619. The second greatest value Fountain Square apartment is the 929 English Ave Model at 929 English Ave, Unit A starting at $1,500 with a $1.36 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Fountain Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fountain Square Townhomes2 Bed 1.5 Bath2BR,1.5BA$1.35
929 English Ave, Unit A929 English Ave2BR,2BA$1.36
Emhardt Apartments2BR/1.0BA2BR,1BA$1.21
Hinge Apartments1 Bedroom1BR,1BA$1.98
Mozzo apartments7180A1 - Bernini 1x1 - 780 sqft1BR,1BA$1.79
The VueONE BEDROOM APARTMENT1BR,1BA$1.66
522 Fletcher Ave1BR/1.5BA1BR,1.5BA$1.40
Madison LoftsThe Loft 1x1-L1BR,1BA$1.63
Lofts on MadisonStudioStudio ,1BA$1.63
Volrath0BR/1.0BAStudio ,1BA$1.29

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Fountain Square, Indianapolis, IN

Ranked #109

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Fountain Square Neighborhood in Indianapolis, IN

Walk Score®

84 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

95 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

41 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Fountain Square Apartments

What is a cheap apartment in Fountain Square?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fountain Square is under $1,180.

What is the price of a cheap apartment in Fountain Square?

The cheapest apartment in Fountain Square is Volrath which is listed at $649, while the average apartment in Fountain Square costs $9,946.

What types of apartments are the cheapest in Fountain Square?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Fountain Square that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Fountain Square?

Cheap apartments in Fountain Square have an average cost of $169 which is $9,777 cheaper than the average rent for all rentals in Fountain Square.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!